Christine Aquino, Bloomberg News Managing Editor for the Bloomberg Markets Live Blog, dives into the current market climate. She discusses Nvidia's stock rebound amidst a tech relief rally and the implications of options volatility ahead of earnings. Walmart's CEO transition raises strategic concerns as John Furner steps in during a pivotal moment for digital growth. Lastly, Nike's surprising decision to end its Wellness Week sparks stock declines, leaving analysts questioning the company's direction.
05:15
forum Ask episode
web_stories AI Snips
view_agenda Chapters
auto_awesome Transcript
info_circle Episode notes
insights INSIGHT
NVIDIA Moves Market Direction
NVIDIA's moves drive the broader market because of its massive weight in the S&P 500.
Investors are fixated on GPU demand and CapEx ahead of earnings after the bell next Wednesday.
insights INSIGHT
Earnings Focus: Chips And CapEx
Earnings will focus on demand for the GB300 chip and how much NVIDIA will spend on CapEx with hyperscalers.
Analysts and traders are pricing heavy volatility into options ahead of the report.
insights INSIGHT
Earnings As A Market Event
Traders view NVIDIA earnings like a Super Bowl event that ripples through other sectors.
The options market shows elevated volatility expectations heading into the report.
Get the Snipd Podcast app to discover more snips from this episode
On this episode of Stock Movers: - Nvidia (NVDA) shares traded higher amid a broader relief rally in tech stocks and the S&P 500. The relief brought by the US shutdown’s end gave way to volatility this week as a host of Fed speakers threw cold water on bets for further policy easing. Hot areas favored by momentum traders such as artificial-intelligence whipsawed and Bitcoin was barely up for 2025. - Walmart (WMT)'s Chief Executive Officer Doug McMillon, who over a decade ushered the big-box behemoth into the Internet age, will retire in February. He’ll be replaced by US head John Furner — long viewed as the heir apparent. Furner, 51, takes over as Walmart faces a fast-moving shift toward artificial intelligence, an uneven US economy, and a rapidly changing global workforce. The company recently inked a partnership with OpenAI, which will allow shoppers to directly make purchases through ChatGPT. The retailer has said automation has helped it keep headcount steady at about 2 million employees globally. Investors were initially rattled by the change at the top, with the company’s shares sliding as much as 3.6% on Friday. - Nike (NKE) has ended an initiative that gave employees an extra week off each year to promote mental health and wellness. Nike’s annual “Wellness Week,” which started in 2021, had been held each August, with the world’s largest sportswear company powering down its corporate headquarters in Beaverton, Oregon, to give staff more time to unwind. Chief People Officer Treasure Heinle told staff this week that the program was instituted as the world endured Covid-19, but the company is now in a “pivotal moment” that requires changes in how employees approach their work, according to a replay of the meeting reviewed by Bloomberg News. Shares of Nike fell.
Stock Movers